Serbia: Amendments to VAT rulebook adopted
New preliminary VAT return and VAT return form, revised VAT recordkeeping requirements, and changes to VAT refund forms.
september 4, 2026
The Serbian Ministry of Finance on July 31, 2026, published amendments to the rulebook on VAT. The rulebook became effective on August 1, 2026, and generally applies beginning with the January 2027 tax period (January - March 2027), unless otherwise specified.
- Preliminary VAT return: The amendments introduce a new preliminary VAT return generated through Serbia's e-invoicing system (SEF). The preliminary return is based on invoice and VAT data available in SEF, with taxpayers required to provide certain additional information manually.
- New VAT return form: The rulebook also introduces a new VAT return form that is aligned with the preliminary VAT return. Taxpayers will be required to submit the VAT return together with several supporting annexes, including forms relating to investments in business equipment and facilities, certain purchases of agricultural and secondary raw materials, and VAT adjustments from previous tax periods.
- Amendment of VAT records: The amendments revise VAT recordkeeping requirements to align with the new reporting framework. Among other changes, VAT records will need to include details of internal invoices, separately track advance payments, and maintain additional information for exempt transactions. Certain special VAT regimes, such as those applicable to travel agencies and dealers in second-hand goods, works of art, collectors' items, and antiques, will be reported through separate VAT records.
- VAT refund forms: The rulebook also updates the forms used to claim VAT refunds.
Read a September 2026 report prepared by the KPMG member firm in Serbia